Nabha Power Ltd - Nabha Power Limited (NPL), was established as special purpose vehicle (SPV) by erstwhile Punjab State Electricity Board (PSEB) to develop the Rajpura Thermal Power Project at a site near village Nalash, Distt. Patiala, Punjab.
An RfQ/RfP was floated by PSEB in line with the Case 2 competitive bidding guidelines, Govt. of India (GoI) and L&T Power Development Limited (a wholly owned subsidiary of L&T) was identified as the lowest bidder.
NPL signed a Power Purchase Agreement on 18th January, 2010 with PSEB and NPL was also transferred to L&T Power Development Limited as its wholly owned subsidiary on 18th January, 2010.
Further, NPL has signed MOU with Govt. of Punjab for enhancing the capacity of the present plant by establishing an expansion unit of 1x700 MW adjacent to the current plant location.